Here's a Look at the Final Republican Tax Bill
2017-12-17 06:15:52 UTC
Republicans in the U.S. Congress released a final version of their tax bill on Friday, clearing the way for Senate and House of Representatives votes on the legislation next week.
President Donald Trump wants to sign tax legislation before the end of the year to notch the first major legislati...
Germany vows to back an "open and free internet" despite end of net neutrality in US
2017-12-15 21:32:27 UTC
Berlin has vowed to back an "open and free internet" following a US decision to repeal net neutrality rules.
After US telecoms regulator FCC on Thursday moved to repeal Obama-era net neutrality rules, the German Economics Ministry said Friday it would continue to support EU internet rules that...
US government rescinds rules aimed at ensuring a free and open internet
2017-12-14 19:40:07 UTC
WASHINGTON (Reuters) - The U.S. Federal Communications Commission voted along party lines on Thursday to repeal landmark 2015 rules aimed at ensuring a free and open internet, setting up a court fight over a move that could recast the digital landscape.
The approval of FCC Chairman Ajit Pai’s ...
EU Economic Powers Warn Trump's Tax Plans Could Violate US Obligations Under International Agreements
2017-12-11 17:36:13 UTC
BRUSSELS (AP) — The European Union’s top five economies are warning the United States that its massive tax overhaul could violate some of its international obligations and risks having “a major distortive impact” on trade.
In a letter to U.S. Secretary of the Treasury Steven Mnuchin, the finan...
Zimbabwe May Recoup Millions of Dollars in Diamonds Kept in Britain
2017-12-10 21:43:02 UTC
President Emmerson Mnangagwa could recoup millions of dollars in diamond proceeds that were siphoned to London if he mends Zimbabwe’s relations with Britain.
Finance Minister Patrick Chinamasa said Mnangagwa would spearhead the mending of political relations with the regional and international...
EU's Juncker on Brexit talks - We have made the breakthrough we needed
2017-12-08 07:29:33 UTC
EU's Juncker on Brexit talks - "We have made the breakthrough we needed"</h3>
Britain and the EU have made "sufficient progress" on a Brexit divorce deal, paving the way for the two sides to move onto the next phase of negotiations, EU Commission chief Jean-Claude Juncker...
Canada takes swipe at US, could buy European fighter jets
2017-12-06 20:22:13 UTC
OTTAWA (Reuters) - Canada’s decision to shun Boeing jets could open the way for European rivals seeking to supply new fighters, assuming the government can sort out major procurement challenges, three sources familiar with the matter said on Wednesday.
Canada is scrapping a plan to buy 18 Boei...
Bitcoin loses 20 percent of its value in less than 24 hours
2017-11-30 20:57:52 UTC
LONDON (Reuters) - Bitcoin slid to as low as $9,000 in volatile trade on Thursday, having lost more than a fifth of its value since hitting an all-time high of $11,395 on Wednesday.
The cryptocurrency fell as much as 8 percent on Thursday on the Luxembourg-based Bitstamp exchange to hit $9,000...
Half of Americans Oppose GOP/ Trump Tax Bill
2017-11-29 22:10:20 UTC
WASHINGTON/NEW YORK (Reuters) - Opposition has grown among Americans to a Republican tax plan before the U.S. Congress, with 49 percent of people who were aware of the measure saying they opposed it, up from 41 percent in October, according to a Reuters/Ipsos poll released on Wednesday.
Bitcoin tops an all-time high above $10,000
2017-11-29 06:11:39 UTC
NEW YORK (Reuters) - Red-hot bitcoin soared through an all-time high above $10,000 on Wednesday, taking its gains to more than 900 percent so far this year, the most of any asset class.
Despite widespread scepticism of many veteran bankers and fund managers, it is being propelled by a continue...
U.S. Politics Have Been Corrupted by Money, We Don’t Need a Tax Cut in This Environment
2017-11-28 23:18:59 UTC
Harm Bandholz, UniCredit Chief U.S. Economist, says the time for tax reform is right but we don’t need a tax cut in this environment. Jeffrey Sachs, Columbia University Professor, says the debt to GDP ratio has doubled in the last decade and will double again.
Michael Nathanson, Moffettnathans...
EU handed May a 10-day deadline to improve UK's Brexit offer
2017-11-24 18:34:21 UTC
BRUSSELS (Reuters) - The European Union handed Prime Minister Theresa May a 10-day deadline to improve her Brexit divorce offer or face failure in persuading EU leaders to open trade talks with Britain at a December summit.
Without a deal next month, time will be very tight to agree arrangemen...
The GOP Tax Cut Plan Has Almost No Impact on Investment
2017-11-16 05:47:30 UTC
NEW YORK (Reuters) - Billionaire entrepreneur and potential presidential candidate Mark Cuban said on Wednesday that a cut in the U.S. corporate tax rate would have little to no effect on his investment decisions.
Bills before both the U.S. Senate and the House of Representatives would cut the...
Strong German Growth Data Lifts Euro
2017-11-14 22:08:49 UTC
NEW YORK (Reuters) - The euro was set for its strongest session in more than four months on Tuesday, boosted by strong economic growth in Germany, but world stocks fell for the fourth straight day as oil prices fell and investors worried about U.S. tax reform.
U.S. Treasury two-year note yield...
Germany intends to set up a mandatory registry of lobbyists
2017-11-14 21:57:06 UTC
BERLIN (Reuters) - German parties exploring a coalition government agreed on Tuesday to set up a mandatory registry of lobbyists and may require private firms to disclose breaches of cyber defenses, according to a draft paper on security seen by Reuters.
The 3-page document, a blueprint for a ...
BREXIT: UK will not say how much it owes the EU
2017-11-12 16:50:04 UTC
LONDON (Reuters) - Britain will not offer a figure or a formula for how much it believes it owes the European Union, Brexit minister David Davis said on Sunday, after the EU demanded that London spell out its approach to the final bill to unblock talks.
With no movement in the negotiations to ...
TPP Countries Agree to Move Ahead Without the US
2017-11-11 07:34:30 UTC
DANANG, Vietnam (Reuters) - Countries in the Trans Pacific Partnership (TPP) trade deal have agreed on the core elements to move ahead without the United States, officials said on Saturday, after last minute resistance from Canada raised new doubts about its survival.
Taking the agreement forw...
AT&T CEO Says Never Offered to Sell CNN
2017-11-09 05:04:37 UTC
NEW YORK/WASHINGTON (Reuters) - U.S. antitrust regulators and AT&T Inc sparred on Wednesday over whether the wireless carrier would be required to sell Time Warner Inc’s CNN cable network as a condition of approval of its deal to buy the media company.
The U.S. Department of Justice has demand...
The Paradise Papers: Queen's Private Estate in Hot Water
2017-11-06 18:53:23 UTC
Reporters have published a raft of secret documents that reveal the strange investments and tax avoidance indulged in by the powerful and wealthy. The revelations come from the same team that uncovered the Panama Papers. But it appears for now that most of the questions raised are ethical rather ...
GOP Massive Tax Cuts Will Lead to Major Deficit and Debt
2017-11-02 21:24:00 UTC
WASHINGTON (Reuters) - U.S. House of Representatives Republicans unveiled long-delayed legislation on Thursday to deliver deep tax cuts that President Donald Trump has promised.
The bill, representing what would be the largest overhaul of the U.S. tax system since the 1980s, called for slashin...
Bitcoin surged to a record high of more than $6,000
2017-10-20 20:12:57 UTC
NEW YORK (Reuters) - Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at one point, as investors continued to bet on an asset that has a limited supply and has paved the way for a whole slew of crypto-currencies.
The original virt...
EU Reaffirms Full Commitment to the Iran Nuclear Deal
2017-10-19 23:53:02 UTC
BRUSSELS (Reuters) - European Union leaders on Thursday reaffirmed their full commitment to the 2015 nuclear deal between Iran and world powers, hoping that the U.S. Congress would not let it collapse despite relentless criticism by President Donald Trump.
But the bloc, reluctant to isolate it...
Xi: China Will Relax Market Access for Foreign Investment
2017-10-18 05:56:37 UTC
BEIJING - Chinese President Xi Jinping opened a critical Communist Party Congress with a pledge to build a "modern socialist country" that will never copy the political systems of others and will remain open to the world.
China will relax market access for foreign investment and expand access ...
NAFTA: US Government Issues Are "Practically Absurd"
2017-10-16 19:27:18 UTC
ARLINGTON, Va. (Reuters) - Negotiators from Canada and Mexico grappled with U.S. demands to drastically alter the North American Free Trade Agreement on Saturday, as talks over renewal of the pact vilified by President Donald Trump ran through a fourth straight day.
Some downcast participants ...
Brexit: "British Government Doesn't Know What It Wants"
2017-10-05 17:25:39 UTC
BERLIN (Reuters) - German firms active in Britain should make provisions now for a “very hard Brexit”, Germany’s biggest industry group said on Thursday, because the government in London does not know what it wants.
The Federation of German Industries (BDI) said British Prime Minister Theresa ...